Locke Lord is a proud sponsor and Kathleen Swan and Ben Sykes will attend the OnRamp Insurance Conference on April 11 at the Target Center in Minneapolis-St. Paul. OnRamp is one of the leading conferences for insurance innovation. If you are planning to attend, please stop by Kiosk #21 or contact one of our attendees to set up a meeting. For more information, click here.
Read More Locke Lord at OnRamp Insurance Conference April 11

Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail & Hors d’oeuvre Reception During the NAIC National Spring Meeting in Orlando, FL…
Read More It’s Not Too Late to Register – Locke Lord Invites You to a Cocktail Reception During the NAIC National Spring Meeting – April 7

You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.
Read More What Every InsurTech Should Know About Accountants

On March 12, 2019, Nebraska joined the small but growing number of states to adopt “domestic” ‎surplus lines legislation. Illinois was the first state to adopt domestic surplus lines legislation in ‎‎1998 but the trend only gained traction over the last few years.‎…
Read More LL Surplus Lines Series (Entry 4): Nebraska Becomes Latest State to Adopt Domestic Surplus Lines Legislation

On March 20, 2019, the Joint Committee on Government Administration and Elections (the “Joint Committee”) introduced An Act Concerning Consumer Privacy, Raised Bill No. 1108.  The Bill is essentially a reprinting of the original version of the California Consumer Privacy Act (the “CCPA”), and does not capture amendments that…
Read More CCPA Proliferation: Connecticut and other states propose to follow California’s lead on ‎Consumer Privacy

Montana amended its insurance code to revise certain definitions and update certain provisions relating to surplus lines insurance effective March 7, 2019; the amendments can be found here.  Section 33-2-301(3)(t)(i) of the Montana insurance code amended its definition of “surplus lines insurance” to include inland marine insurance.
Read More LL Surplus Lines Series (Entry 3): Revisions to Montana’s Surplus Lines Laws

You are executing on your strategic plan; you have a fully developed product; you have ‎expanded your team; you have deployed ALL the proceeds from your initial Convertible Notes; ‎and you need additional capital to further scale the Entity.‎…
Read More What Every InsurTech Entrepreneur Should Anticipate in Issuing Series A Preferred Stock